Model Home Investment Opportunity
Table of Contents 1. Meet Goodall Homes
2. Awards and Recent Press Releases
3. Every Goodall Home is Easy Living Home速 Certified
4. Metro Study Production Builder Ranking and Community Absorption
5. Nashville, Tennessee Living
6. Model Homes Overview
7. Sumner County Models
8. Williamson County Models
9. Wilson County Models
Goodall History... P
arke Goodall and his wife Frances established roots in Middle Tennessee in 1808 because of the beauty of the area and the quality of life. We know these are still important to homeowners today. The Goodall name has been here ever since. When building your home you need a company that is going to stand the test of time. Goodall Homes understands how important it is for your family to put down roots, that is why we build great homes and great communities.
B
ob Goodall began building homes in 1983 and since that time has been involved in the building of thousands of homes. Locally owned and operated, Goodall Homes is an award winning builder offering services including developer, builder, and real estate sales all under one roof. Energy Star and EasyLiving Home速 Certified homes are just a couple of the great attributes we offer in our communities. Our highly rated professional customer service department stands behind every home 24 hour emergency response program and a one year warranty on the entire home, two year mechanical, and ten year structural warranty that sets Goodall Homes apart from others in the industry.
When choosing a Goodall Home you can be confident that our family of professionals will build every home as if it were our own.
...a history of success Nashville Business Journal
BOOK OF
LISTS
B
est in Business Award winner 2011 with a 23 percent increase in home sales over the previous year.
N
umber five in new builder home closings in the Nashville area, 2010.
Awards & Recent Press Releases
Goodall Homes and Communities Named Winner of Nashville Business Journal’s Best in Business Award April 18, 2011 Nashville, Tennessee Goodall Homes and Communities has been named the winner of the Nashville Business Journal's “Best in Business” Award in the 26-100 employee category, an honor recognizing Middle Tennessee's fastest growing and best managed companies. Founded by Gallatin native Bob Goodall in 1983, Goodall Homes and Communities' areas of specialization include residential land development, home construction and new home sales. Despite the challenging economic climate, 2010 proved to be a recordbreaking year for Goodall, with the organization posting an impressive 23% sales increase over 2009 numbers, the second straight year for increases in both sales and closings. When asked to pinpoint reasons for his organization’s success, Goodall affirms that “the key ingredients to our company’s success have been our open-book management style, our customer service focus, and a wide array of affordable, energy efficient homes, villas, condominiums, and townhomes located in Middle Tennessee's most desirable locations”. Goodall Homes and Communities offers single family homes, condominiums, villas and townhomes in eleven residential communities in Williamson, Wilson, Sumner and Robertson Counties. CONTACT: Chris O’Neal Vice President, Sales and Marketing 615-451-5029, ext. 103
May 5, 2011
WINNER: 26-100 EMPLOYEES
JAMES YATES | NASHVILLE BUSINESS JOURNAL
Bob Goodall, presidend and CEO of Goodall Homes, said sales increased 23 percent in 2010 over the previous year.
Goodall Homes and Communities
Goodall Homes specializes in new home sales, home construction and residential land development. An example of this is StoneBridge community in Lebanon. On this project , Goodall purchased more than 300 acres of land, too the land throughout the entitlement and development process, built a $1.5 million dollar amenity center and is now building and selling new homes in the community. GIVE US AN OVERVIEW OF THE COMPANY: Goodall Homes is a very unique residential land development and homebuilding company because of its open-book management culture. Each week, the entire company “huddles” for one hour to review financial reports and other key operational reports in order for everyone to understand his or her part in the success of the company. Every employee is taught to be a business owner, and every employee is empowered to make decisions necessary for the accomplishment of the company’s goals. WHAT ARE SOME OF YOUR RECENT ACCOMPLISHMENTS? 2010 was a record-breaking year for Goodall Homes
Top Executive: Bob Goodall Address: 393 Maple St . Ste. 100, Gallatin 37066 Phone: (615) 451·5029, ext. 106 Web: GoodallHomes.com and Communities. In the midst of our country’s recession, we had our best year of sales and closings since our inception. Our sales increased 23 percent from last year (147 vs. 181). Our closings rose 21 percent, from 140 homes closed last year to 169 this year. We closed 53 homes in the fourth quarter, more than any quarter in company history. We set new monthly sales records for March. June, August and November 2010. We began selling in three new neighborhoods this year and added three new product lines. WHAT ARE SOME OF THE CHALLENGES YOUR BUSINESS HAS HAD TO OVERCOME? The biggest challenge for Goodall Homes this year, and the past several years, has been the crash of the housing market and the recession the country has faced. The real challenge was to listen to the
Founded: 1983 Revenue (2010): $33.2 million Revenue (2011 Projected): $46 million Employees (2010): 54 Employees (2011 Projected): 49 customers who were communicating what they were willing to pay for a home and also what size and features that home needed. It was a real challenge to deliver this product at the price consumers were willing to pay and yet maintain profitability and quality. WHAT LESSONS HAVE YOU LEARNED SINCE YOU STARTED YOUR COMPANY? Acknowledge your weaknesses and bring on team members who have strengths in these areas. Encourage and cultivate leadership in the organization. WHAT ARE THE KEY INGREDIENTS TO YOUR SUCCESS? The key ingredients to our company’s success have been our open· book management style, a Lean Blitz and our customer service focus. In the openbook management style, all employees
are aware of what it takes to succeed and where we stand financially at any given moment. Every individual understands their responsibility, and we all share in the successes of our company. We went through a Lean Blitz earlier this year with True North. Lean is the relentless pursuit, identification and destruction of waste. We enlisted our trade partners for their ideas and we have initially realized savings of over $53,000 in 2010 and are projecting even greater savings in subsequent years to the tune of about $214,000. Both Goodall Homes and its trade partners and vendor partners realize these savings in waste. We also are intently focused on the satisfaction of our customers in all aspects of their homebuilding experience. TELL US ABOUT YOUR PROFITABILITY: Goodall Homes is above that of comparable companies in the industry for 2010, although the industry as a whole has taken a significant hit in profitability over the last several years. Another note on profitability is that Goodall Homes’ employees share in the profitability of the company.
nashvillebusinessjournal.com | 2011 Best in Business Awards | 11A
Awards & Recent Press Releases
Goodall Homes recipient of National Quality Housing Award Adding to the numerous honors it has received this year, Goodall Homes and Communities is proud to have been chosen as a recipient of a bronze level National Housing Quality Award, making it one of only four builders nationally to have been honored this year. Awarded through a joint effort by Professional Builder magazine and the National Association of Home Builders (NAHB) Research Center, the National Housing Quality Awards recognize the best in quality-driven home building companies nationwide through a rigorous application and on-site evaluation process. Regarding the application and evaluation process for the award, Goodall’s Chief Operating Officer Keith Porterfield saw it as a unique opportunity. “On a daily basis, we seek areas in which we can improve and refine our processes. The NHQ award application, along with our open book management approach and customer service focus, provided another vehicle through which we can strengthen our organization. Being chosen as a bronze award winner was a terrific end result to the exercise.” Founded by Gallatin native Bob Goodall in 1983, Goodall Homes and Communities’ areas of specialization include residential land development, home construction and new home sales. Goodall Homes offers single family homes, condominiums, villas and townhomes in eleven residential communities in Williamson, Wilson, Sumner and Robertson Counties.
Awards & Recent Press Releases Operation Finally Home announces Middle Tennessee build Organization to partner with Goodall Homes and LP Building Products to construct a home for Shaun Meadows, a double amputee Afghanistan combat veteran
NASHVILLE, Tenn. (September 2, 2011) Operation FINALLY HOME, a 501(c)(3) organization with the mission to provide custom-made, mortgage-free homes to wounded and disabled veterans and the widows of the fallen, announced plans to build a home for Middle Tennessee soldier, Shaun Meadows. Awardwinning builder Goodall Homes has committed to build the home and Nashville-based LP Building Products will serve as lead sponsor, donating materials for the project. Born out of the Bay Area Builders Association Support Our Troops effort, Operation FINALLY HOME was founded by Dan Wallrath in 2005. Daniel Vargas, a retired U.S. Air Force Technical Sergeant runs the organization out of New Braunfels, Texas. The program provides custom-made homes to wounded and disabled veterans as well as to widows of the fallen to help them get their lives back on track. “Our mission is to help wounded heroes like Shaun and their families transition from the battlefront to the home front,” said Vargas “We help in this transition by building homes for these heroes. The only way this objective is possible is through partnerships and support from corporate sponsors, builder associations, builders, developers, individual contributors and volunteers. Goodall Homes, LP Building Products and a generous donation from country music stars Big & Rich and Gretchen Wilson are making this Middle Tennessee build possible.” Shaun Meadows is a 31-year-old Afghanistan combat veteran. While deployed in Afghanistan in 2008 Meadows was injured by an IED and became a bi-lateral above-knee amputee. Following his injury, Meadows had a year-long stay at Walter Reed Army Medical Center for recovery and rehab. He began walking two and a half months post injury and started running six months post injury. Meadows retired from the Air Force in January 2011 and moved to Tennessee. Married to Nicole Meadows, the couple has a six-year-old son, Trevor. “Goodall Homes is proud to be a part of this project,” said Keith Porterfield, Chief Operating Officer. “This build is all about giving Shaun Meadows the security he needs and deserves for his family. We are looking forward to handing the much-deserved keys to a custom-made home to this hero.” The Meadows' home build is scheduled to begin in early November with a projected completion date on Memorial Day 2012. “LP Building Products is proud to partner once again with Operation FINALLY HOME,” said Rick Olszewski, executive vice president of specialty products, sales and marketing. “This collaborative effort represents our respect for and support of our soldiers. To build this home for Shaun right here in our home state makes playing a role in building this home even more meaningful.”
For more information including ongoing updates on the build, visit FinallyHomeTN.com or Facebook.com/FinallyHomeTN. About Operation FINALLY HOME Operation FINALLY HOME is an award-winning program created by Bay Area Builders Association Support Our Troops. Bay Area Builders Association Support Our Troops was established in 2005 as a non-partisan/non-profit 501(c)(3) organization. Bay Area Builders Association Support Our Troops mission is to provide custom made mortgage free homes to wounded and disabled veterans and the widows of the fallen in an effort to get their lives back on track and become productive members of their communities. Bay Area Builders Association Support Our Troops partners with corporate sponsors, builder associations, builders, developers, individual contributors, and volunteers to help severely wounded heroes and their families' transition from the battlefront to the home front and help them succeed in their challenging new world so they may ultimately enjoy a productive and rewarding life. For more information, visit www.babasupport.org. About Goodall Homes Goodall Homes and Communities specialize in residential land development, home construction and new home sales. Goodall was recently awarded the Prestigious National Housing Quality Award (Bronze Award), sponsored by Professional Builder Magazine and the National Association of Homebuilders Research Center, the only homebuilder in the Southeast to win this award. Goodall was also awarded the 2011 Best in Business Award for the 26 to 100 employee category, from the Nashville Business Journal and the 2010 Master Guild Award for Outstanding Customer Service. In addition to our recent success, Goodall Homes has an unwavering commitment to building great homes at great values and providing unmatched customer service throughout and after the homebuilding process for all homeowners. For more information, visit www.goodallhomes.com. About LP Building Products Louisiana-Pacific Corporation is a leading manufacturer of quality engineered wood building materials including OSB, structural framing products, and exterior siding for use in residential, industrial and light commercial construction. From manufacturing facilities in the U.S., Canada, Chile and Brazil, LP products are sold to builders and homeowners through building materials distributors and dealers and retail home centers. Founded in 1973, LP is headquartered in Nashville, Tennessee, and traded on the New York Stock Exchange under LPX. For more information, visit www.lpcorp.com.
EasyLiving Home
®
A
t Goodall Homes, our main focus is on building quality homes that people of all ages and lifestyles can enjoy. This means building homes that provide easy home entry access to homeowners and guests, plenty of room to pass through doorways and a main living area with “step-free entrance” for those who don’t want to make unnecessary trips up and down stairs. Incorporating these EasyLiving Home® features not only makes the home easier to live in without increasing construction costs or sacrificing architectural or design styles, it can also increase the resale value of a home. Easy Access A step-free entrance into the central living area of the home from a driveway, sidewalk or firm route into the main floor. Convenient, safe entry even when your arms are full of shopping bags or small children • No threshold trip hazard • Easy transport of luggage carriers, strollers and other cumbersome objects • Easy entry for family and friends who rely on mobility aids
Easy Passage The exterior door that provides the step-free entrance and all interior doorways provide easy passage, with 2'10" or 3'0" door or other solution that allows a minimum of 32" clear passage. • Pass freely around the main floor even when carrying bulky items such as laundry baskets • No more wrestling large furniture through narrow doorways or logjams when entertaining • Complete access to all the necessary living spaces on the main floor means independence for family members unable to fit through narrow spaces or climb stairs
Easy Use A bedroom, kitchen, entertainment area and a full bathroom with designated maneuvering space of 30" x 48" rectangle in front of the sink, commode and tub or shower, all located on the main floor accessible via the step-free entrance. • Fewer trips up and down the stairs since the rooms you spend most of your time in are all on one level • Relatives or friends with mobility limitation are more comfortable visiting because they aren’t excluded from the group • A self-contained main floor with accessible bathroom makes it possible for people who develop serious medical conditions to remain at home and retain their independence
Metro Study Production Builder Ranking and Community Absorption
Communities
Nashville & Middle Tennessee Rankings Excerpted from: of Nashville January 12, 2011 NASHVILLE, Tenn. – The City of Entrepreneurs Event is the Entrepreneur Center’s venue to communicate its vision, mission and goals for driving economic growth in Tennessee. Currently, Nashville is ranked America’s Number Eight Place to Start a Business, according to Bloomberg BusinessWeek. With the support of
Nashville’s public and private communities, the Center is setting out to make Nashville number one. Nashville is Music City, the Athens of the South, a center of creativity and education and home to one of the densest concentrations of entrepreneurial talent in the world. We are a City of Entrepreneurs. Together, we will make Nashville the most
Nashville was tapped number four on the list of “Best Places for Relocating Families,” by Worldwide ERC and Primacy Relocation.
Nashville’s culturally diverse and friendly environment makes it a favorite place for conventioneers and tourists, as well as a great place to work, live and raise a family. The following honors and rankings are just a few of Music City’s shining accolades.
Nashville placed number seven among metropolitan areas on Forbes.com’s
Nashville was rated number two among “Best Cities for Relocating Singles,” according to Worldwide ERC and Primacy Relocation’s report. Nashville is the “Number One City for Corporate Headquarters.” Business Facilities magazine.
recognized place in America for new businesses to grow and flourish.
“Best Places for Business and Careers” list.
KPMG ranked Nashville the second least costly city in which to do business in the world.
Nashville is one of the top 10 “Entrepreneurial Hot Cities.” Entrepreneur magazine.
Nashville is one of five cities profiled by Business 2.0 magazine (a Fortune publication), in “Escape from Silicon Valley: Five great and cheap places to start your company.”
Expansion Management ranked Nashville the second MSA overall and the fifth most popular city for corporate relocations in “Top 50 Hottest US Metros.”
Tennessee Living I
n Tennessee, the culture and history are rich and diverse, the people are friendly and the landscape is beautiful. Tennessee has no state income taxes, a low cost of living, and a mild climate with four distinct seasons. Its central location is only a day’s drive of 76 percent of the major United States markets, such as Atlanta, St. Louis, Chicago, Cincinnati, etc. Tennessee is a great state for raising a family or retiring. It is rated a top state in numerous polls and reports. Tennessee is home to urban places and wide-open spaces, with lots of scenic room to roam. Tennessee’s lakes, rivers and parks provide perfect settings for outdoor activities. The fine arts thrive alongside regional crafts. Sports share the spotlight with great musical attractions. Major medical centers, colleges and universities, and active civic organizations enhance Tennessee and offer a sense of community for its citizens.
VANDERBILT UNIVERSITY
Music City USA
Model Home Overview Total Sales Price for 9 Models:
Monthly Lease Amount for 9 Models: Lease Term: Monthly HOA dues for 9 Models: Monthly Lease Amount including HOA dues for 9 Models: Sample Lease Agreement is included.
$2,405,729 $18,043 12 mo. $587 $18,630
Model Terms
Model terms are based on individual model purchases. Should three or more models be purchased by one investor, Goodall Homes will extend the lease term to 24 months. In addition, at Purchaser’s option, Goodall Homes will list the homes on MLS upon termination of the lease and will waive any seller brokerage commission.
Model Home Overview
Sumner County Models
Sumner County Models
Waterford Crossing Hendersonville
Community Info Community:
City: County:
Waterford Crossing Hendersonville Sumner
Product Type:
Townhome
Plan :
Edgewood
Square Feet: Sales Price:
1,475 $179,029
Monthly Lease Amount:
$1,343
Lease Term:
Monthly HOA dues:
12 mo $135
Monthly Lease Amount including HOA dues:
$1,478
Sumner County Models
Waterford Crossing Hendersonville
The Edgewood
Sumner County Models
Windstar Bay Hendersonville
Community Info Community:
City: County: Product Type: Plan : Square Feet: Sales Price:
Windstar Bay Hendersonville Sumner Single Family Mansfield 2,864 $314,345
Monthly Lease Amount:
$2,358
Lease Term:
Monthly HOA dues:
12 mo $43
Monthly Lease Amount including HOA dues:
$2,401
Sumner County Models
Windstar Bay Hendersonville
The Mansfield S
D L O
Sumner County Models
Foxland Harbor Gallatin
Community Info Community:
Foxland Harbor
City:
Gallatin
County:
Sumner
Product Type: Plan : Square Feet: Sales Price: Monthly Lease Amount: Lease Term:
Single Family Savannah 3,243 $421,376 TBD 12 mo
Monthly HOA dues: Monthly Lease Amount including HOA dues:
$3,160
Sumner County Models
Foxland Harbor Gallatin
The Savannah
T
he Savannah Model at Foxland Harbor is under construction and will be complete in October 2011. The photos shown are of the Savannah Model at Ladd Park. The Model at Foxland will feature a side entry garage and an amazing custom elevation. The kitchen will feature many upgrades and custom cabinetry.
Sumner County Models
Elk Acres Gallatin
Community Info Community:
Elk Acres
City:
Gallatin
County:
Sumner
Product Type: Plan : Square Feet: Sales Price:
Single Family Charleston 1,728 $187,550
Monthly Lease Amount:
$1,407
Lease Term:
Monthly HOA dues:
12 mo $13
Monthly Lease Amount including HOA dues:
$1,420
Sumner County Models
Elk Acres Gallatin
The Charleston
T
he exterior photo is of another Charleston floorplan and is not the actual Model. Interior photos are from the Model.
Model Home Overview
Williamson County Models
Williamson County Models
Bent Creek Nolensville
Community Info Community:
Bent Creek
City:
Nolensville
County:
Williamson
Product Type: Plan : Square Feet: Sales Price:
Single Family Cambridge 2,475 $279,990
Monthly Lease Amount:
$2,100
Lease Term:
Monthly HOA dues:
12 mo $50
Monthly Lease Amount including HOA dues:
$2,150
Williamson County Models
Bent Creek Nolensville
The Cambridge
Williamson County Models
Ladd Park Franklin
Community Info Community:
City: County: Product Type: Plan : Square Feet: Sales Price:
Ladd Park Franklin Williamson Single Family Savannah 3,243 $373,139
Monthly Lease Amount:
$2,799
Lease Term:
Monthly HOA dues:
12 mo $50
Monthly Lease Amount including HOA dues:
$2,849
Williamson County Models
Ladd Park Franklin
The Savannah LD O S
Model Home Overview
Wilson County Models
Wilson County Models
StoneBridge Villas Lebanon
Community Info Community:
City: County: Product Type: Plan : Square Feet: Sales Price:
StoneBridge Lebanon Wilson Villa Arlington 2,020 $239,315
Monthly Lease Amount:
$1,795
Lease Term:
Monthly HOA dues:
12 mo $125
Monthly Lease Amount including HOA dues:
$1,920
Wilson County Models
StoneBridge Villas Lebanon
The Arlington
Wilson County Models
StoneBridge Townhomes Lebanon
Community Info Community:
City: County: Product Type: Plan : Square Feet: Sales Price:
StoneBridge Lebanon Wilson Townhome Hamilton 1,568 $171,470
Monthly Lease Amount:
$1,286
Lease Term:
Monthly HOA dues:
12 mo $146
Monthly Lease Amount including HOA dues:
$1,432
Wilson County Models
StoneBridge Townhomes Lebanon
The Hamilton D L O
S
T
he Hamilton Model is under construction and will be complete in late September 2011.
Wilson County Models
Providence Landing Mt. Juliet
Community Info Community:
City: County: Product Type:
Providence Landing Mt. Juliet Wilson Single Family
Plan :
York
Square Feet:
2,035
Sales Price:
$239,515
Monthly Lease Amount:
$1,796
Lease Term:
Monthly HOA dues:
12 mo $25
Monthly Lease Amount including HOA dues:
$1,821
Wilson County Models
Providence Landing Mt. Juliet
The York
T
he York Model is under construction and will be complete in late September 2011.
MODEL HOME LEASE AGREEMENT THIS MODEL HOME LEASE AGREEMENT (this “Lease”), is made and entered into this , 20__, by and between (“Lessor”), day of and Goodall Inc. Builders, a Tennessee corporation (“Lessee”). RECITIALS: Lessor owns that certain residential real property, being that house and lot located at , , County, (the “Leased Premises”), which is more particularly described on Exhibit “A” attached hereto. Lessor desires to lease to Lessee, and Lessee desires to lease the Leased Premises, under the terms and conditions herein contained. NOW, THEREFORE, for and in consideration of the premises, the sum of TEN AND NO/100 DOLLARS ($10.00) and the other agreements reached herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Lessor and Lessee agree as follows: 1. Lessor does hereby demise, lease and rent unto Lessee the Leased Premises commencing upon the closing of the house and lot located at the above address and ending twelve (12) months from the commencement of this Lease, in return for a monthly rent payment from Lessee to Lessor of for months 1-12. The lease will automatically renew on a month to month basis. Lessee agrees to provide written notice 60 days in advance to terminate the month to month lease. 2. Lessee covenants with Lessor that Lessee shall not engage nor permit any unlawful act or conduct on, in or about the Leased Premises. 3. Lessee shall pay all utilities, including, but not limited to, electricity, gas, water, cable, general mowing & landscaping needs, and telephone services. Lessee will leave the refrigerator and window treatments in the model home at expiration of agreed upon lease. Lessor shall pay all HOA expenses and property taxes incurred after the commencement of the Lease. Lessee covenants that at no time shall there be any outstanding claims, liens, or encumbrances against the Leased Premises. Lessee shall maintain the Leased Premises and keep in good working order all appliances, mechanical & electrical items, plumbing, HVAC systems, yard, landscaping, driveway, and interior floors and walls of the home. Lessee shall also maintain the roof in as good a condition as is currently the case. During the lease term, Lessee shall be responsible for all repairs to the Leased Premises and all repairs shall be completed in a good and workmanlike manner using materials of good quality. 4. Lessor shall keep the Leased Premises insured under a hazard insurance policy in the amount of the Purchase Price paid by Lessor for the Leased Premises. If the Leased Premises are so damaged by fire or by the elements or by act of God as to be untenantable, this Lease shall be immediately terminated.
5. Lessee shall otherwise comply with all restrictions, rules and regulations set out in the Declaration of Covenants, Conditions and Restrictions encumbering the Leased Premises. 6. In the event of damage or injury arising from the negligence of Lessee, its agents or invitees, the Lessee shall be liable for all such damage or injury. Lessee shall maintain insurance, including but not limited to general liability insurance and “renter’s insurance” covering the personal property of Lessee, including all furniture, furnishings and decorator items within the Leased Premises. Lessor hereby acknowledges that all said furniture, furnishings and decorator items, including bed linens are the property of the Lessee and shall be removed from the Leased Premises by Lessee upon expiration of the Lease. 7. Lessee agrees to inform Lessor of any dangerous, defective or other similar condition which is or becomes apparent. 8. Lessee agrees to take good care of the Leased Premises and, upon expiration of the lease term or extended lease term, to surrender the Leased Premises in as good order and condition as it was in the beginning of this Lease, ordinary wear and tear excepted. Lessee and Lessor have inspected the Leased Premises as of the date hereof and find it to be in good repair for the purposes herein contained. 9.
Lessee shall maintain no pets in the Leased Premises.
10.
Lessee may sublet the Leased Premises.
11. The terms of this Lease shall be binding upon the heirs, representatives, and assigns of Lessor and Lessee. 12. This Lease may be executed in multiple originals, all of which, when taken together shall be deemed one single original. A faxed or scanned signature shall have the same effect as an original signature. IN WITNESS WHEREOF, Lessor and Lessee have executed this Lease as of the date above given. LESSOR:
LESSEE: GOODALL INC. BUILDERS A Tennessee corporation
By:
By: Its:
Date:
Date: